$DDOG - Forming descending broadening wedge, Puts < 157$DDOG - Forming descending broadening wedge, Puts < 157
- Expecting one more leg down to below trend line before next bullish move
- Rejected at weekly supply zone
DDOG trade ideas
$DDOG Short OpportunityNASDAQ:DDOG broke out of support level of past 1 month ascending trendline.
Confirmation candle present, conservative shorts can look to enter when price approaches support-turned-resistance levels.
Stop loss will be once price breaks out of resistance trendline with confirmation
TP 1: $161
TP 2: $156
Advisable to be short biased during this period as well, at least till the end of next week.
good chance we bounce if local support holds🦉 DDOG just saw its 4th rejection off strong resistance area, now approaching local support areas. pay attention to 160/153.45 levels, if we hold above these we most likely head back to resistance. If we break below look for dump to trendline support. I think theres a good chance we bounce here, I have no position though.
Like and follow for more!💘
$DDOG Potential Head and Shoulder Bottom Base Building$DDOG potential head and shoulders bottom base. Could work on completing that right shoulder if the market continue to correct. This would be a very constructive base for $DDOG & a potential leader in the next up cycle.
Falling Wedge- BullishDDOG starting to look really nice here. Starting to breakout of a big falling wedge it's been holding for quite some time now after bouncing right off the 200-day EMA. Bollinger bands are also squeezing (Not Pictured), MACD golden cross on the daily timeframe, bullish bat harmonic pattern formed on the 4-Hour timeframe along with some bullish hidden divergence on the RSI. Will be watching DDOG closely for a breakout here (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on in the meantime- Bullish and looking for a breakout from this wedge
- Falling Wedge
- MACD Golden Cross
- Bollinger Bands are squeezing (Not Pictured)
- Bullish Hidden Divergence on the RSI on the 4-Hour Timeframe (See Attached Chart Below)
- Bullish Bat Harmonic Pattern on the 4-Hour Timeframe (See Attached Chart Below)
PT1- $146.33
PT2- $148.60
PT3- $150.35
PT4- $154.86 +
--4-Hour Timeframe--
ABC BullishPossible stop under 119.19.
Earnings 2-10 before market opens.
Short percent is very low on DDOG and less than 1%.
No recommendation/this is up quite a bit in the last few trading days/Long entry level can be important.
January:
This is one of the peculiarly
dangerous months to speculate in stocks.
The others are
July, October, September,
April, November, May,
March, June, December,
August and February.
(o:
Inverse Head and Shoulders on DailyDDOG reports on 10Feb2022. Seeing inverse Head & Shoulders on daily time frame. Expecting a move to 160
DDOG : BLUE SKY / SWING TRADEDatadog's (DDOG) stock is not cheap, but the company is highly innovative and showing no signs of slowing down. To illustrate, not only is Datadog's guidance for the year strong, but its billings were up 69% y/y as of Q2 2021.
Having said that, at 32x next sales, the stock is far from cheaply valued. Investors intent on being shareholders here should look to dollar-cost average into their position over time, rather than being too imprudent with one's capital.
Overall, investors should adopt a long-term buy-and-hold strategy, rather than just looking for quick gains in the name.
SOURCE : Michael Wiggins De Oliveira, Aug. 18, 2021, Seeking Alpha
seekingalpha.com
DDOGI will short this ticker if resisted and reversed around $157. Looks to be in Wav 4 up right now.
DDOG - Heading to $120DDOG in downward megaphone pattern. ~$150 is strong resistance.
Expecting it to be around $120 zone expediated path. $150 is strong resistance and $120 is strong support.
I may plan to buy handful PUTS for once the increment gets CAP around ~$150 in TOO GREEN market i.e. RSI to be in overbought region. Hoping this to be the scenario before earning so there is stage set to act in either direction post earning.
It can happen early too so play accordingly and dont play aggressively.
In case want to play safe then consider selling calls or call vertical spread.
Note : Please do your due diligence before opening any kind of position.
Regards,
Subhash
DDOG - can it bounce?30% from the high
It looks like the stock can bounce hard from the strong support level
Potential Earnings Run Up?Seems like this stock has strong support and more good surprises than bad. ADR is over 6!
Earnings are upcoming. I would love to see an early entry opportunity to allow me to hold through earnings for another potential breakaway gap as seen in Aug2021.
$DDOG Correction wedging Action$DDOG correcting that wedging action into supply chain. Its getting better with each passing day. not actionable yet.
$DDOG / LongBULLISH
Is in a Stage 2 uptrend with price above a rising 30W MA.
Relative Strength is above its zero line and trending up.
Price moved gapped up after earnings and has been correcting for the last 33 trading days (just over 6 weeks).
The correction has seen price move through a Downward Sloping Price Channel / Double Bottom.
Price has moved up and out of the DSPC and tightened up. There is a possible tight zone with narrow range and spread bars.
Price has retaken its zero ATR line.
Bullish expansion bars outnumber their bearish counterparts in the structure.
Volume has been roughly average with above average days seen around the lows of the structure suggesting absorption of supply (weak hands).
The last trading day (although this was the 23rd of December shows a blue dot (40% less volume than average).
The last bar is an inside bar making it actionable on the daily timeframe .
BEARISH
Volume has not dropped to anaemic levels.
Price has since printed a higher low but has not yet printed a higher high.
$DDOG Trade ideaGood R:R opportunity.
Wait for inside candle breakout, go long above candle break or short below candle break.
DDOG. Triangle. Target -23%We now see a descending triangle at the top reversal pattern. The price target of such models is measured along the widest part of it (23%) and set aside under the horizontal line, that is, up to $ 118. This target is complemented by the Gap on Aug 5 '21 ($ 116-126).
Cycle analysis says a return to the bullish cycle should be expected by February '22.
Not financial advice.
Take care.
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DDOG ready to move back up?DDOG:
Bullish: I’m looking for DDOG to push up over and claim $176.19. If it can do that I’m looking to follow the green levels and the orange possible resistance up to a new ath of $201. It hasn’t done too well with the short term extension(green from 4 hr) golden zone after claiming $176.19 I want to see it claim $182.27 and make its way to test $185.51. My target for now is $201 but ultimately I’d be looking to grind up to the monthly 161.8 level of $216.24.
Bearish: a rejection of $176.19 or breaking and rejecting at the golden zone again could send it to $170 below that if it really wants to go we could retest the golden zone from the weekly where it gapped out of around $160.
DDOG - Broke Through Tend LineDDOG has had some strong momentum and broke through the uptrend. I would hold some caution as it could pull back fast with the nasdaq being at or near all time high
DDOG Short Opportunity | Pros and Cons + AnalysisNASDAQ:DDOG just broke out of a 2month long uptrend with confirmation. Short opportunity here with the following pros & cons
Pro
Just broke out of uptrend with confirmation
Multiple top pattern spotted at 169.99 level. Strong wall
Con
Stock has a bullish bias overall when looking at it from a larger timeframe
Key levels
SL
182.34
TP 1
161.05
TP 2
158.02
